Connect with us

Companies

Collective Mining (TSXV:CNL) Appoints Mr. Ashwath Mehra as Non-Executive Director

On Tuesday, Collective Mining announced that Mr. Ashwath Mehra was appointed as a non-executive director for the company, effective immediately.  Mr….

Share this article:

Published

on

This article was originally published by Mining Feed
Ashwath Mehra. Source: RISE Life Science

On Tuesday, Collective Mining announced that Mr. Ashwath Mehra was appointed as a non-executive director for the company, effective immediately. 

Mr. Mehra has had 35 years of global experience in the minerals industry, and received his BSc (Econ) in Economics and Philosophy from the London School of Economics. He is also an economist by training and CEO of the ASTOR Group, “a private investment and advisory business, working in the fields of mining, technology, biotech and real estate.”

“On behalf of the Board of Directors, I would like to welcome Ashwath to the Collective team,” stated Ari Sussman, Executive Chairman of the company. “Ashwath is a proven executive with robust skills that will complement our board and we look forward to his guidance in discovering the next major mineral deposit in Colombia.” 

A True Mining Industry Expert

He is a director of several private and public companies in both executive and non-executive roles, and devotes significant time to non-profit activities in the fields of education and healthcare. He also founded his own company called GT Gold and was executive chairman up until recently as he just sold the company to Newmont Corporation generating a significant return to GT Gold shareholders. 

“I am delighted to join the Collective mining team. The prospectivity of the Cauca gold belt combined with the proven success of the team working in Caldas, a mining-friendly region, makes this an extremely interesting proposition. I look forward to this endeavor and helping the Company generate outstanding returns for all stakeholders,” said Mr. Mehra. 

He will be nominated for election at the Company’s next annual general meeting. 

The Executive Branch Continues to Strengthen

The Company also recently appointed Ana Milena Vásquez as Executive Vice-President at the beginning of August earlier this year. Ms. Vásquez has an extensive and impressive background and experience in Colombian mining, community and government affairs. 

She has held positions such as Senior Vice-President of External Affairs and Sustainability at Continental Gold leading the environmental, sustainability, communications and international standards programs, along with Country Manager of Red Eagle Exploration, President of Minera Vetas in Colombia, and co-founder and Vice-President of Business Development at CB Gold Inc.. and more. 

Ms. Vásquez is also co-founder of Women in Mining Colombia and has been recognized as one of the Top 100 Global Inspirational Women In Mining by WIM UK in 2020. 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

The post Collective Mining (TSXV:CNL) Appoints Mr. Ashwath Mehra as Non-Executive Director appeared first on MiningFeeds.

Today’s News

Gratomic Proudly Announces Aukam Processing Plant Transition into Wet Commissioning

TORONTO, ON / ACCESSWIRE / September 27, 2021 / Gratomic Inc. ("Gratomic", "GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) announces…

Share this article:

TORONTO, ON / ACCESSWIRE / September 27, 2021 / Gratomic Inc. ("Gratomic", "GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(Frankfurt:CB82) announces the commencement of wet commissioning (Stage C4), The Company has started running material through the crushing circuit in preparation of full commissioning of its Aukam processing plant. The entire Gratomic Executive team was present for this significant milestone and witnessed the equipment operating as it was engineered to perform.

The following is the detailed explanation of the C4 wet commissioning phase:

  • Check site-wide systems are fully operational
  • Confirm operator technicians trained and able to run commissioning
  • Check as-built document complete
  • Confirm Operations and Maintenance manuals available in draft form

"Our team at Aukam continues to excel," said Arno Brand, CEO & President, "The progress on the project advances at an exceptional rate and the Gratomic team has easily surmounted any potential obstacles that have arisen at the project over the previous months."

Assembly continues on the material thickener tank, see HERE for corresponding press release dated September 7th, 2021. The unit is currently going through its final assembly. Additionally, the Company has reduced its water cost by 50% through collaboration with local communities in the immediate Aukam area and water demand on site is currently fully met by supply. Upon completion, the plant will sustain over 1,000,000 liters of water storage. Included in this total is water storage, process water, and water recycling (as indicated in its press release dated November 9, 2020, Gratomic will recycle approximately 95% of the water in the system). See HERE to view the press release. This is sufficient storage to sustain operations once the plant is fully commissioned.

The plumbing, electrical and air compressor circuits for the three mixing tanks and vertical columns are currently under assembly. Once these components are installed, water will be introduced into these units for testing and calibration. The product thickener tank, which was assembled in April of 2021, will be filled to a 70% capacity in preparation for the next stage. The completion of the material thickener tank, the delivery of the twelve additional mixing tanks and nine additional flotation columns (see press release dated September 7th, 2021), will bring the flotation circuit into the final stage of C4 wet commissioning.

Final assembly of the plumbing and electrical circuits to the press filter are in the final connection phase. Conveyor B has been installed, with the catwalks and stairways completed. The custom-built material chipper and hopper has been completed and mounted above the rotary drier, which was installed and assembled in April of this year.

The crushing circuit has moved into the wet commissioning phase. From here, the circuit will undergo comprehensive calibration on all systems and will be fitted with custom enclosures to secure the preservation of graphite fines throughout the crushing process. The calibration phase is an extremely important step in the commissioning process, it requires ample time and attention to be carried out effectively to ensure optimal future performance of the cycle.

"The Gratomic team has been working very hard during the construction phases and is proud to have reached wet commissioning. This brings the Company into the forefront of the final transition from a junior exploration company into a development company," says Armando Farhate, COO & Head of Graphite Marketing and Sales.

Click HERE for video footage of wet commissioning.

Gratomic wishes to emphasize that no Preliminary Economic Analysis, Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. In fact, no mineral resources let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property.

The Company is working towards completing a Preliminary Feasibility Study (PFS) on the Aukam Processing plant. The study, its recommendations, and their subsequent implementation, will provide conclusions and recommendation at a PFS level of comfort relating to the scale up of the existing processing plant to a commercial scale processing facility capable of producing the desired concentrate grades and production rates.

Gratomic wishes to emphasize that the supply of graphite is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. Gratomic continues to move its business towards production and as part of its business plan, expects to file a National Instrument 43-101 Standards of Disclosure for Mineral Projects resource estimate in Q1 2022.

Risk Factors

No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant until the PFS is completed.

The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a PFS or feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.

Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.

Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.

Qualified Persons

Steve Gray, P. Geo. has reviewed and approved the scientific and technical information in this press release and is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Gratomic

Gratomic is focused on introducing an exceptional anode material to the global electric vehicle and energy storage supply chains. True to its roots as an exploration and mining company, Gratomic aims to achieve full operational capabilities in 2021 on its Aukam Graphite Project and continues to diversify its assets into a multi-national company with various projects globally. Large quantities of its naturally high-quality vein graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the results will provide a unique competitive advantage in its desired target markets.

The Company's recent collaboration agreement with Forge Nano has advanced the developments on its graphite finalization phase for the micronization, spheronization, and the patented ALD coating of its Aukam vein graphite for use in lithium-ion batteries. Forge Nano is a global leader in surface engineering and precision nano-coating technology, using Atomic Layer Deposition.

GRAT has two outstanding off-take purchase agreements with TODAQ and Phu Sumika with contract fulfillment slated to begin in 2021.  Gratomic plans to deliver mine-to-market traceability through its partnership with deeptech company TODAQ by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project.

For more information: visit the website at www.gratomic.ca or contact:

Arno Brand at abrand@gratomic.ca or 416 561- 4095

Subscribe at gratomic.ca/contact/ to be added to our email list.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Forward Looking Statements:

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

SOURCE: Gratomic Inc.



View source version on accesswire.com:
https://www.accesswire.com/665551/Gratomic-Proudly-Announces-Aukam-Processing-Plant-Transition-into-Wet-Commissioning

Continue Reading

Companies

Making a Penny Stocks Watch List in October? Check These 3 Out

Are these penny stocks on your September watchlist?
The post Making a Penny Stocks Watch List in October? Check These 3 Out appeared first on Penny Stocks…

Share this article:

3 Penny Stocks to Watch in October 2021 

With the month of October fast approaching, many investors are looking for the best penny stocks to buy. While it is still around a week or so away, being proactive can mean the difference between making money with penny stocks and losing money with penny stocks. So, for that reason, it is always best to try and stay ahead. 

Now, a new month may not seem like a big deal, and it usually isn’t. However, it can present a symbolic shift. What this means is that investors will often view a new month as a clean slate, and it sets the tone for the near term. Historically, September is a month of less than stellar trading. If we look back in the last 90 years or so, September has posted an average return in the S&P 500 of -0.99%. And while these are only averages, they can be important to consider for investors of all types. 

[Read More] Hot Penny Stocks To Watch Under $1 Right Now

So, if we understand this, we can see that October may have better cards on the table. But, at the end of the day, making money with penny stocks all comes down to having a trading strategy and understanding how the market works. 

With a trading strategy, it should be individualized, and match your unique investing goals. And to understand how the market works, it would be beneficial to seek out a trading education. So, taking all of this into consideration, let’s look at a few penny stocks that could be worth keeping an eye on next month. 

3 Penny Stocks For Your October Watchlist 

  1. Clear Channel Outdoor Holdings Inc. (NYSE: CCO
  2. CytoDyn Inc. (OTC: CYDY
  3. IAMGOLD Corp. (NYSE: IAG

Clear Channel Outdoor Holdings Inc. (NYSE: CCO)

Clear Channel Outdoor Holdings Inc. is a penny stock that has pushed up by over 24% in the past six months. This brings its YTD gain to over 60% and its one-year gain to over 125%. If we look at the chart, we see that CCO stock is also on a very linear path, which is not something we see with many other penny stocks.

If you’re not familiar, Clear Channel is a communications company that sells advertising displays. Among its offerings are info kiosks, billboards, bulletins, posters, transit displays, and much more. As of December 31st, 2020, the company had 71,000 ad displays in the Americas, and 430,000 ad displays in Europe.

In July, Clear Channel reported its second-quarter results for 2021. During this period, the company’s revenue grew by a very solid 36% to a total of $271.6 million in the Americas. Also in the Americas, its segment-adjusted EBITDA rose by 170.6% year over year as well, to $127.2 million. For Europe, its revenue and segment adjusted EBITDA rose 130.2% and 102.5% respectively. These numbers are all very exciting for the company and show encouraging signs of growth.

CEO William Eccleshare said, “In the third quarter, all of our business segments are growing well ahead of last year with some markets now beginning to exceed 2019 levels, reflecting the easing of remaining mobility restrictions across the majority of our markets, pent-up advertising demand and the strength of our value proposition.” Following its participation in the Goldman Sachs Communacopia Conference on Tuesday, September 21st, CCO is continuing to see momentum. With this in mind, will CCO be on your penny stock watchlist?

CytoDyn Inc. (OTC: CYDY)

CytoDyn Inc. is a biotech penny stock that has climbed by over 60% in the past month alone. This sizable momentum is due to both events from the company and its placement as a leading biotech stock. For more information, CytoDyn is developing treatments for different medical applications with its leronlimab drug. Leronlimab is a humanized monoclonal antibody that targets the CCR5 receptor. This product has previously been tested on those with HIV as a potential treatment. However, the company is studying a variant of leronlimab for its potential to treat those with COVID-19.

[Read More] 10 Top Penny Stocks To Watch This Week With Potential Biotech Catalysts

On September 9th, CytoDyn announced the treatment of its first patient in its Phase 3 COVID-19 trial in Brazil for patients with severe symptoms. Now an interim analysis will be conducted 28 days after the enrollment of 245 total patients. This trial is being done by the Academic Research Organization Albert Einstein Hospital.

“Today marks the first day of the much anticipated clinical trial in Brazil that we have been waiting for and we are so grateful to our team who conducted the CD12 trial in U.S. that produced a wealth of information for us to be able to appropriately design and power these two studies.”

President and CEO of CytoDyn, Nader Pourhassan

Because of CytoDyn’s recent advancements, the company’s stock price has skyrocketed in the last month. In September, shares of CYDY stock shot up by over 22.5% in the market. Noting all of this, will CYDY make your penny stocks watchlist?

Penny_Stocks_to_Watch_CytoDyn_Inc._(CYDY_Stock_Chart)

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a company that develops a wide range of gold mining properties. It explores for, develops, and operates land in multiple countries which makes it an interesting mid-sized gold stock. IAMGOLD’s operations primarily take place in North America, South America, and West Africa. Spread across these locations are mines with high-gold potency such as the Westwood mine, the Boto gold project, and many more.

On September 16th, the company reported assay results from the Lac Gamble drilling program on the Rouyn Gold Project. This project is located in Canada. IAMGOLD is reporting results from seven diamond drill holes that total 1,826 meters. The objectives of the drilling program were to complete an initial geotechnical drilling campaign and test for potential extensions down plunge.

“Our drilling program at Lac Gamble earlier this year specifically targeted some selected areas for possible extensions, as well as to complete some initial geotechnical drill holes to assess rock quality in the context of a potential underground mining scenario.”

Executive VP of Growth at IAMGOLD, Craig MacDougall

While the price of IAG did not immediately shoot up on the news of this announcement, its volume is much greater than its average. In fact, its volume is about double its market average over the past few days. So considering this, will IAG enter your list of penny stocks to watch?

Penny_Stocks_to_Watch_IAMGOLD_Corporation_(IAG_Stock_Chart)

Which Penny Stocks Are You Watching Right Now?

Finding the best penny stocks to buy right now can be challenging, but with so many factors occurring, there is plenty of momentum to take advantage of. Right now, the largest impacting factor is Covid, which is definitely something to look out for.

[Read More] Are Biotech Penny Stocks Worth Buying? Check These 3 Out

But, if you stay up to date with the news, it can be much easier to make money with penny stocks. Considering this, which penny stocks are you watching right now?

The post Making a Penny Stocks Watch List in October? Check These 3 Out appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Continue Reading

Precious Metals

Asante Gold Signs US$5 Million Investment Into West African-Focused Roscan Gold

Asante Gold Corporation (CSE: ASE) announced on Thursday that it has entered into a binding term sheet earmarking a US$5.0
The post Asante Gold Signs US$5…

Share this article:

Asante Gold Corporation (CSE: ASE) announced on Thursday that it has entered into a binding term sheet earmarking a US$5.0 million “strategic investment” into West Africa-focused gold explorer, Roscan Gold Corporation. The move sets the stage for Asante Gold to grow its reach in the African gold exploration market.

Under the term sheet, the firm has agreed to purchase 22.1 million Roscan Gold common shares at $0.29 per share, a 14% premium to its share price on September 22, 2021. At the transaction’s close, Asante Gold is expected to own approximately 6.7% of the outstanding Roscan Gold common shares.

“Roscan’s 100% owned Kandiole Gold Project in West Mali is located in one of the most prolific and productive gold jurisdictions in Africa,” said Asante Gold CEO Douglas MacQuarrie. “With this investment, Asante’s shareholders gain exposure to Roscan’s large exploration upside, and at a very attractive entry point.”

Related to this planned investment, the two gold exploration firms also entered into an investors rights agreement which will give Asante Gold a possible right to appoint a member in Roscan Gold’s board, subject to time and ownership thresholds.

The investment transaction is expected to close on October 15, 2021, subject to customary closing conditions.

Asante Gold last traded at $1.13 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Asante Gold Signs US$5 Million Investment Into West African-Focused Roscan Gold appeared first on the deep dive.

Continue Reading

Trending